Orica (ORI)

Beleagured chemical giant
Orica
has appointed Newcrest Mining’s former chief executive
Ian Smith
as its CEO, effective next February. Deutsche Bank analysts have maintained their “buy" recommendation with a 12-month target price of $29. The analysts do not expect major strategic changes, but suggest the carrying value and future of its UK mining services company Minova will be reassessed, as will possible growth options including acquisitions and plant expansions.